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10 measures will be suggested to President Ferdinand R. Marcos Jr. by the executive committee of the Legislative-Executive Development Advisory Council (LEDAC) to be designated as priority legislations for the current session of Congress.

Arsenio Balisacan, secretary of the National Economic and Development Authority (NEDA), said on the sidelines of an event in Quezon City on Monday, “The LEDAC met to agree on the criteria for prioritization of common legislative bills and in the process, we came up with a list that we will endorse to our President for confirmation.

According to Balisacan, the eight-point socioeconomic plan of the administration and the success of the Philippine Development Plan (PDP) 2023–2028 depend on the passage of the 10 priority bills named by LEDAC.

The Philippine Ecosystem and Natural Capital Accounting System is one of the priority bills, according to the NEDA chief, who declined to provide any further details (PENCAS).

In particular, Chapter 15 of the PDP 2023–2028, which is titled “Accelerate Climate Action and Strengthen Disaster Resilience,” will be aided by the approval of PENCAS, according to Balisacan.

In particular, he noted that Chapter 15 of the PDP attempts to increase communities’ ability to withstand the effects of natural disasters and climate change.

The government will be able to measure environmental inputs and outputs thanks to the institutionalization of a PENCAS, and this data is essential for economic management and policymaking.

According to Balisacan, in order to promote long-term economic growth, the nation must embrace sustainable consumption and production.

According to him, policies must be put in place to systematically alter Filipinos’ habits of production and consumption, as well as manage the nation’s natural resources, in order to sustain a strong and robust economy.

“For instance, our nation’s current economic growth is 7.6 (percent)… But our growth might not be sustainable if we do not protect our environment, he remarked in a combination of English and Filipino.

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